Vodafone confirms interest in buying Kabel Deutschland

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The operator has made a “preliminary approach” towards the company, which is the largest supplier of cable services in Germany

Vodafone has confirmed it is interested in acquiring Germany’s largest cable company, Kabel Deutschland.

The UK-based operator has said today it has made a “preliminary approach” to Kabel Deutschland, but did not confirm whether this meant it had put in an offer.

The announcement comes after weeks of speculation that Vodafone would make a second attempt at acquiring the cable company, which it first considered buying in 2010.

Kabel Deutschland supplies 8.5 million German households with broadband, phone and TV services, employes 3,500 people and is estimated to be worth between €6.6 billion (£5.6 billion) and €7 billion (£5.9 billion).

A statement from Vodafone said: “Vodafone Group Plc notes the recent speculation regarding a potential offer for Kabel Deutschland and confirms that is has made a preliminary approach to KD regarding a possible offer for the company.

“There is no certainty that any offer will ultimately be made nor as to the terms on which any such offer might be made.”

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